PRESS RELEASE
SEATTLE, WA – August 28, 2024 – AuthenticID, a world chief in id verification and fraud prevention options, introduced the latest launch of Good ReAuth™. Good ReAuth™ is a reauthentication answer that leverages a selfie to re-confirm an id. First launched in 2021, this enhanced model gives verifications in lower than one second, with fast deployment.
Good ReAuth™’s biometric-based method ensures quick, correct and safe id verification. Throughout enrollment, customers move by means of a full id verification transaction to confirm them as a very good, authenticated buyer. Shifting ahead, the customers can extra seamlessly show their id to be used instances like high-risk or high-dollar worth transactions, to reset a password or just log into an utility. This permits companies to confidently confirm prospects or staff at any level of their journey, whereas blocking fraudsters and account takeovers (ATO).
For companies, Good ReAuth™ gives versatile deployment choices. It may be quickly deployed through an internet service or seamlessly embedded right into a consumer’s personal net or cell workflow. The intuitive service provider supervisor gives a user-friendly admin console and a seamless expertise for customers. Good ReAuth will be customizable primarily based on particular use instances and danger tolerance.
Safety and privateness are paramount with the Good ReAuth™ platform. Even beforehand verified identities will be compromised by refined fraud and spoofing makes an attempt. With liveness detection and anti-fraud checks, Good ReAuth™ confirms the particular person is current and is who they declare to be. The platform additionally gives safe encryption storage: as soon as a consumer is reverified, their data is saved in a separate, secured, and encrypted database throughout the AWS cluster with customized knowledge retention insurance policies permitting immediate knowledge deletion.
As documented in each the 2024 State of Id Fraud Report and the 2024 Mid-Yr Id Fraud Overview, each id fraud makes an attempt in addition to knowledge breaches are at report highs, impacting each shoppers and companies amidst surges in fraud. Unhealthy actors are continually discovering new safety loopholes to take advantage of, permitting them entry to techniques and delicate knowledge. As a result of stopping fraud is an ongoing course of, extra safety measures like Good ReAuth™ are actually a needed software for companies to scale back fraud loss, particularly for unhealthy actors who try and entry techniques or knowledge on a number of makes an attempt.
“Companies are continually making an attempt to steadiness each safety and buyer expertise, however with the rise in refined id fraud threats, companies want the improved safety that biometrics gives” famous Alex Wong, AuthenticID VP of Product Administration. “Good ReAuth™ was developed to make sure that this answer isn’t only a highly effective software to combat fraud, but in addition improves the client expertise, giving fraud-weary prospects peace of thoughts whereas eliminating the necessity for cumbersome processes like KBA or passwords.”
Good ReAuth™ is a part of AuthenticID’s complete id verification know-how suite that provides totally automated verifications with over 99% accuracy in detecting counterfeit IDs, and 98% first-time move charges. Good ReAuth™ can be utilized in each client and workforce use instances together with however not restricted to:
-
Account takeover safety through step-up: Good ReAuth™ gives highly effective safety towards ATO makes an attempt and deepfake detection, which can happen throughout account restoration, password or account change requests, massive buy makes an attempt, misplaced/ stolen card requests, and extra.
-
Workforce Entry: Defend delicate knowledge whereas permitting staff and contractors quick access to the techniques primarily based on safety ranges set by the enterprise.
-
Zero Belief Mannequin: Use biometric Good ReAuth™ with a zero-trust safety structure to make sure customers have the sources they want whereas preventing fraud.
AuthenticID will proceed to drive innovation ahead in its know-how to make sure corporations can keep forward of adjusting fraud methods and regulatory necessities whereas delivering best-in-class buyer expertise.
For extra data on AuthenticID’s Good ReAuth™ platform and to request a demo, go to www.authenticid.com/merchandise/smart-reauth.
About AuthenticID
AuthenticID is a pioneer within the Id Verification and Fraud Detection area. AuthenticID’s fully- automated answer protects identities and mitigates fraud with out sacrificing consumer expertise. Based in 2001, AuthenticID has deep area experience in verifying government-issued identification paperwork with the market’s strongest, next-generation, automated AI platform for fraud detection and id verification. AuthenticID’s patented platform is utilized by the world’s main monetary providers companies, wi-fi carriers, and id verification platforms